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From June, relaxation of the compensation conditions for losses for restaurants, cafes and culture – France

Bruno Le Maire, the Minister of the Economy, announced this Monday morning: “From the beginning of June for hoteliers, for cafes, for restaurants, for the world of culture and entertainment, for the events, you will have access to the solidarity fund regardless of your loss of turnover ”, Bruno Le Maire said on RTL.
The minister took the example of “a restaurant owner who reopens but only on the terrace, who will lose 30-40% of his turnover”. “He will be eligible for the solidarity fund with a compensation figure that we will define with the professionals of the hotel, restaurant and cafes this afternoon,” added Bruno Le Maire.

“Rendezvous clause” at the end of August

“I receive them at 3 pm” and “the event sector tomorrow,” he said. “We will keep the entire solidarity fund for the month of May”, and that “even if there are partial reopening from May 19”, also said the minister. He also announced a “meeting clause” with professionals in these sectors at the end of August to take stock of their situation.
In general, the Minister considers that the economy is going “in the right direction because entrepreneurs have taken over the activity head-on, that certain industrial sectors have taken up very well”, such as the construction industry, and “because the recovery plan is working”, with nearly a third of the 100 billion euros already disbursed, he added.
Bruno Le Maire was also delighted that with an increase in its gross domestic product (GDP) of 0.4%, France has “the highest growth figure of all European countries in the first quarter”. Germany and Spain thus saw their GDP contract in the last quarter, due to a resurgence of health restrictions more important than in France.

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